Cost of Living Comparison Between Madrid and Helsinki 

Indices DifferenceInfo
Consumer Prices in Helsinki are 32.3% higher than in Madrid (without rent)
Consumer Prices Including Rent in Helsinki are 15.6% higher than in Madrid
Rent Prices in Helsinki are 15.0% lower than in Madrid
Restaurant Prices in Helsinki are 35.8% higher than in Madrid
Groceries Prices in Helsinki are 36.1% higher than in Madrid
Local Purchasing Power in Helsinki is 1.8% lower than in Madrid
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Madrid Edit Helsinki Edit Difference
Meal, Inexpensive Restaurant 14.00 € 15.00 €      +7.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 60.00 € 90.00 €      +50.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 9.00 € 10.00 €      +11.1 %
Domestic Beer (1 pint draught) 3.48 € 8.00 €      +130.2 %
Imported Beer (12 oz small bottle) 3.50 € 8.00 €      +128.6 %
Cappuccino (regular) 2.32 € 4.49 €      +93.6 %
Coke/Pepsi (12 oz small bottle) 2.38 € 2.65 €      +11.1 %
Water (12 oz small bottle) 1.54 € 1.82 €      +18.7 %
Markets
Madrid Edit Helsinki Edit
Milk (regular), (1 gallon) 4.03 € 4.35 €      +7.9 %
Loaf of Fresh White Bread (1 lb) 1.32 € 2.57 €      +94.3 %
Rice (white), (1 lb) 0.66 € 1.16 €      +76.4 %
Eggs (regular) (12) 2.78 € 2.92 €      +5.2 %
Local Cheese (1 lb) 5.86 € 3.57 €      -39.1 %
Chicken Fillets (1 lb) 3.42 € 5.20 €      +52.1 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 6.16 € 9.58 €      +55.6 %
Apples (1 lb) 1.01 € 1.03 €      +2.0 %
Banana (1 lb) 0.80 € 0.79 €      -1.7 %
Oranges (1 lb) 0.81 € 0.98 €      +19.9 %
Tomato (1 lb) 1.04 € 1.80 €      +73.7 %
Potato (1 lb) 0.62 € 0.55 €      -12.2 %
Onion (1 lb) 0.67 € 0.82 €      +22.0 %
Lettuce (1 head) 1.21 € 1.92 €      +59.0 %
Water (1.5 liter bottle) 0.88 € 1.76 €      +99.2 %
Bottle of Wine (Mid-Range) 6.00 € 14.90 €      +148.3 %
Domestic Beer (0.5 liter bottle) 1.14 € 2.68 €      +134.0 %
Imported Beer (12 oz small bottle) 1.80 € 3.11 €      +72.5 %
Cigarettes 20 Pack (Marlboro) 5.62 € 10.20 €      +81.3 %
Transportation
Madrid Edit Helsinki Edit
One-way Ticket (Local Transport) 1.50 € 3.05 €      +103.3 %
Monthly Pass (Regular Price) 40.00 € 67.00 €      +67.5 %
Taxi Start (Normal Tariff) 3.00 € 6.75 €      +125.0 %
Taxi 1 mile (Normal Tariff) 1.93 € 1.97 €      +2.1 %
Taxi 1hour Waiting (Normal Tariff) 22.00 € 56.40 €      +156.4 %
Gasoline (1 gallon) 6.22 € 7.23 €      +16.2 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 33,365.00 € 32,245.00 €      -3.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,619.74 € 33,916.11 €      +22.8 %
Utilities (Monthly)
Madrid Edit Helsinki Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 138.91 € 106.27 €      -23.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 13.73 € 24.26 €      +76.6 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 29.56 € 19.02 €      -35.6 %
Sports And Leisure
Madrid Edit Helsinki Edit
Fitness Club, Monthly Fee for 1 Adult 43.33 € 42.56 €      -1.8 %
Tennis Court Rent (1 Hour on Weekend) 9.80 € 27.22 €      +177.6 %
Cinema, International Release, 1 Seat 10.00 € 17.00 €      +70.0 %
Childcare
Madrid Edit Helsinki Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 489.04 € 309.77 €      -36.7 %
International Primary School, Yearly for 1 Child 9,061.90 € 8,742.80 €      -3.5 %
Clothing And Shoes
Madrid Edit Helsinki Edit
1 Pair of Jeans (Levis 501 Or Similar) 67.13 € 80.53 €      +20.0 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 27.32 € 30.07 €      +10.0 %
1 Pair of Nike Running Shoes (Mid-Range) 74.79 € 71.04 €      -5.0 %
1 Pair of Men Leather Business Shoes 81.70 € 94.09 €      +15.2 %
Rent Per Month
Madrid Edit Helsinki Edit
Apartment (1 bedroom) in City Centre 1,206.55 € 990.85 €      -17.9 %
Apartment (1 bedroom) Outside of Centre 880.64 € 789.97 €      -10.3 %
Apartment (3 bedrooms) in City Centre 2,096.55 € 1,756.20 €      -16.2 %
Apartment (3 bedrooms) Outside of Centre 1,495.87 € 1,291.15 €      -13.7 %
Buy Apartment Price
Madrid Edit Helsinki Edit
Price per Square Feet to Buy Apartment in City Centre 411.50 € 688.38 €      +67.3 %
Price per Square Feet to Buy Apartment Outside of Centre 236.31 € 402.79 €      +70.5 %
Salaries And Financing
Madrid Edit Helsinki Edit
Average Monthly Net Salary (After Tax) 2,463.85 € 2,796.63 €      +13.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.48 3.60      +45.1 %
Last update: April 2024April 2024
Contributors in the past 12 months:585221